Arq Inc.

16/04/2024 | Press release | Distributed by Public on 16/04/2024 20:07

Material Agreement - Form 8-K

Item 1.01 Entry into a Material Definitive Agreement.
On April 15, 2024, Arq, Inc. (the "Company"), a Delaware corporation, entered into the Seventh Amendment to Tax Asset Protection Plan (the "Seventh Amendment") between the Company and Computershare Trust Company, N.A. (the "Rights Agent") that amends the Tax Asset Protection Plan dated May 5, 2017, as amended (the "TAPP") between the Company and the Rights Agent.
The Seventh Amendment amends the definition of "Final Expiration Date" under the TAPP to extend the duration of the TAPP and makes associated changes in connection therewith. Pursuant to the Seventh Amendment, the Final Expiration Date shall be the close of business on the earlier of (i) December 31, 2025 or (ii) December 31, 2024 if stockholder approval has not been obtained prior to such date.
The foregoing description of the Seventh Amendment is qualified in its entirety by reference to the full text of the Seventh Amendment, attached hereto as Exhibit 4.1 and incorporated herein by reference.